Farmchain Finance is a cross chain decentralized Finance protocol (Defi) design to disrupt the conventional method of funding farming activities and farm produce distribution in the Agri food value chain.
The Problem Of Financing Agriculture And Food Systems
Insufficient And Unsustainable Food Systems as the following;
World’s Population growth that is projected at 10 Billion by 2050.
Lack of access to the needed funding for farming and other activities within the Agric food value chain from Central authorities and Financial institutions under the control of central authorities.
Flooding, draught as a result of the impact of climate change and other factors like pandemic or epidemic.
The Solution
The Farmchain Finance Defi protocol is built to accelerate, optimize and create more value to farmers, agro product dealers and food vendor cooperatives societies and unions across the globe.
The Farmchain Defi protocol is a decentralized lending, savings and investment protocol that enhances the production and commercial activities of cooperative unions within the global agri food value chain, a $1.5 trillions market size as reported by the Food And Agriculture Organization (FAO) United Nations in 2020.
With a transparent community governance system, that will enable the community to decide on which cooperative project to fund for optimized returns on their funding.
The Farmchain finance token is the native token that fuels the activities of the Farmchain Defi and governance protocol. It serves as a collateral, a requirement for cooperatives to hold a minimum of 100,000 to qualify as member of the DAO, a governance token that gives voting rights to all members of the DAO and any member of the DAO can also earn flexible passive income for staking the token to earn more with attractive APY and it’s also deflationary token with mechanisms to burn and reduce supply to create more value to holders. Percentage fees is charged for every transactions with the tokens and a percentage from the fees is to automatically burn tokens out of supply, while the rest is used to buy back token to add liquidity in staking pools.
